The Profile

The Blockbuster buster: Netflix’s Reed Hastings is moving on from movies

Reed Hastings had a vision of streamed video overtaking the movie rental market years ago and, having changed the face of entertainment, he is now stepping down from his chief executive role

Reed Hastings: the Netflix boss leaves the streaming entertainment service facing increased competition and challenges. Illustration: Peter Hanan


Age: 62

Appearance: Bearded; more tech elder than bro

Newsworthiness: The man who killed Blockbuster and took on Hollywood has stepped down as chief executive of Netflix

Over the past 25 years, Reed Hastings has tried to run Netflix like an open book. He wanted a transparent company filled with people who owned up to their mistakes, and that meant honesty was the main policy. At times, it worked – but sometimes it caused ...